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ID: 192328

Impact of digital finance on women's bargaining power: evidence from China / Han, Xiao; Zhang, Haiyang

Zhang, Haiyang	Journal Article
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This paper explores the effect of digital finance adoption on women's bargaining power within the family. Empirical analysis finds that higher digital finance adoption significantly improves women's bargaining power and thus alleviates intra-household inequality. We explain the underlying mechanism in terms of women's participation in both labor and financial market. The subsample regression results show that the impact differs among families with distinct characteristics in terms of regions, family living patterns and women's fertility status. This paper provides a new perspective for understanding the inclusive contribution of digital finance and forms a timely complement to the literature in related fields.

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Evidence from China ; Impact Of Digital Finance ; Women's bargaining power

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ID: 171882

Monetary Policy and Borrowers’ Loan Defaults Research Based on Data from Renrendai / Song, Wenda; Zhang, Haiyang

Song, Wenda	Journal Article
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his paper uses Renrendai data to study the relationship between monetary policy and the default behavior of borrowers, and analyzes the transmission channels. The research shows that tight monetary policy will lead to a significant increase in a borrower’s probability to default, and this effect will continue for several months. There may be two transmission channels: (i) monetary policy changes a debtor’s liquidity through credit and balance sheet channels, which directly affects their current repayment behavior; and (ii) monetary policy may affect a borrower’s investment, production and protability, thus changing their long-term solvency. The paper also nds that the repayment behavior of productive borrowers is more susceptible to monetary policy than consumptive borrowers, and that the default behavior of borrowers in coastal provinces is more susceptible to monetary policy than of borrowers in inland provinces. These ndings provide new evidence for understanding how monetary policy affects individual behavior and its transmission mechanisms.

Key Words

Monetary Policy ; Liquidity ; Default ; Online Lending

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